SEI Signs Lease in Chesterbrook, PA

Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced that it has completed a new lease for SEI at 1500 Liberty Ridge in Chesterbrook, Pennsylvania.

SEI (NASDAQ: SEIC) is a leading global provider of asset management, investment processing and investment operations solutions for institutional and personal wealth management.

Previously, Savills Studley represented SEI in the acquisition of 59,000 square feet of office space in Malvern, Pennsylvania, to support the ongoing growth of SEI’s core businesses. This latest transaction will provide capacity for a total of 600 plus employees working remotely from its main campus. Meanwhile, SEI is currently scrutinizing the cost, feasibility and timing to expand its existing corporate campus in Oaks, Pennsylvania.

Savills Studley Senior Managing Director Matt Sall and Executive Vice President and Branch Manager Greg Soffian represented SEI in the transaction. Sall and Soffian secured a flexible lease with a 5.7 parking ratio, free furniture and wiring and use of the landlord’s generator.

“After an exhaustive search of the market, 1500 Liberty Ridge proved to be the right choice for SEI,” said Sall. “The open layout at 1500 Liberty Ridge was a perfect match for the collaborative environment that SEI has fostered at its headquarters for the past 20 years, and it will require very little capital for the company to occupy the space immediately.”

“Just 15 miles from SEI’s headquarters, the Chesterbrook Corporate Center offers convenience and flexibility for the company as it continues to outgrow its existing campus,” added Soffian.